Singapore, US to Discuss Zero Tariffs on Pharma Exports

Singapore and the US to Discuss Pharmaceutical Tariffs: DPM Gan Kim Yong's Remarks Singapore, May 16, 2025 – Deputy Prime Minister Gan Kim Yong addressed the media today regarding ongoing discussions between Singapore and the United States concerning preferential or zero tariffs on pharmaceutical exports. The announcement comes amid global economic uncertainty, prompting the Singapore Economic Resilience Taskforce to explore potential support measures for citizens and businesses. "Singapore and the US can sit down and discuss some form of concession for Singapore to have a beneficial preferential tariff, even to the extent of a zero tariff for pharmaceutical exports to the US," DPM Gan stated. He emphasized the importance of securing the supply chain for these exports, noting the necessity of collaboration and engagement with the US to determine the practicality of such an agreement and the conditions involved. DPM Gan also highlighted the need to consult with the private sector and pharmaceutical companies to understand their perspectives and contributions to the process. This initiative signifies a significant step in strengthening economic ties between Singapore and the US, while also demonstrating proactive measures to address potential challenges in the global economy.